ES Journal - 2021/2022

I would assume something changed over the last few days. Probably a lot of hedging activity in this area and big players taking positions.

My best guess is we're headed lower, but it might not happen today. Some consolidation now after a fairly large move over the last few days.

But should we break, I'm sure it's to the down.

 

Cum TICK says buying, although not particularly strong. And Dollar weak today helps.

 

ATM still under last week's low so bears currently still have the upper hand.

 

Yeah i wonder if these current moves are bull traps

 

Might be 180° wrong but I'm starting to sense some weakness creeping back in equities, though dollar and bonds are still weak.

 

Went short 3935 already, target 10-15 points.

 

On 2nd thought I had a change of heart on any weakness - for the moment.

 

I'm happy with this move as I would like to reenter long at lower prices for a swing/position trade.

 

You think we will break out of the downward channel then?

 

Not certain but I do think this is The Big One as I have said before. I'm just planning on buying the lows that show fresh upside momentum.